• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Techcouver.com

 
  • News
  • Interviews
  • Thought Leadership
  • Bulletin Board
  • Job Board
  • About
    • Contact Us
  • Advertise

Tabit Is Canada’s First B2B Buy-Now-Pay-Later Solution at Point-of-Sale

February 24, 2022 by Techcouver Newsdesk Leave a Comment

Vancouver’s Tabit is bringing the consumer check-out experience to the business-to-business (B2B) space. Tabit is Canada’s first B2B Buy-Now-Pay-Later (BNPL) solution offered at point-of-sale (POS).

Launched by Merchant Growth, Tabit helps provide small businesses with flexible and easily accessible payment options by integrating a credit offering at point-of-sale.

Tabit addresses a gap in the alternative lending market in Canada, building on the strength of an industry seeing explosive growth internationally, and offering a unique credit option for a digitally-savvy generation of buyers.

“Bank loans for small businesses are notoriously hard to get. It is also very difficult for many small businesses to obtain credit from their suppliers. Tabit was created to fix that,” said Merchant Growth and Tabit Founder & CEO, David Gens.

Read More Canadian Fintech News At Fintech.ca

“We are seeing a new generation of small businesses come to the forefront that want flexibility and a seamless digital experience, like they’re experiencing as consumers. These small businesses increasingly value point-of-sale BNPL solutions and see these payment options as a significant growth driver — allowing them to increase their purchasing power without needing capital up-front.”

A recent survey, conducted by Tabit in conjunction with Angus Reid Surveys, found that over half (53%) of Canadian small business owners would consider a financing solution at checkout where payment instalments are made over time.

As the pandemic and market fluctuations keep buyers and sellers on their toes, Tabit’s entry into the Canadian commercial lending/payment landscape offers companies of all sizes a digital-first solution.

Leveraging Merchant Growth’s data and 12-year history of underwriting small business risk, and supported by a recent equity raise of $4.1 million, Tabit eliminates the traditional credit risk faced by suppliers, offering a user-friendly application process that can generate approvals in as little as 30 seconds.

Photo by Blake Wisz on Unsplash

Filed Under: News Tagged With: Merchant Growth, Tabit

 

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

 
 

Stay Connected

  • Facebook
  • Instagram
  • LinkedIn
  • RSS
  • Twitter

About Us

Techcouver provides real-time reporting and analysis of emerging technology news in Vancouver and throughout British Columbia. The … READ MORE... about About Us

Copyright © 2023 Incubate Ventures

Privacy Policy